American History Lesson for CyprusSubmitted by MarkDran on Thu, 03/21/2013 - 22:59
As the Cypriots and their Russian friends perch on the edge of running the banks http://thedianerehmshow.org/shows/2013-03-21/cyprus-and-eu-b...
I think its time to take a step back and remember the calming words of the great American president Franklin Roosevelt and the deeds that followed those words.
Saturday, March 4, 1933 FDR assured the Cypriot--- Err-- American people not to fear the state of the economy with the famous line:
"let me assert my firm belief that the only thing we have to fear is...fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. "
31 days later...
Tuesday, April 5, 1933, President Roosevelt gave the American people something real to fear. A presidential order to seize the gold of ordinary Americans. FDR issues Executive Order 6102 ordering all americans to deliver on or before May 1, 1933 all but a small amount of gold for a fixed exchange rate of $20.67. Later revalued at a loss of 40%